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Firms struggling with compensation decisions often lack a process that ensures consistency, fairness, and transparency. While subjective ...
INITIAL DISCOVERY & INFORMATION REVIEW
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Timekeeper productivity reports
Billable hours, value, realized rates, billings, collections, and rates (Past 2 years and current YTD)
Workload distribution reports
Hours worked, billed and collected by client/matter (Past 2 years and current YTD)
Origination statistics
Hours worked, billings and collections by client and by originator (Past 2 years and current YTD)
Hire dates and promotion histories/ Terminations (timekeepers)
For all timekeepers (if available)
Firm income statements and balance sheets
Please also include any supplemental Information included in your financial reporting process (Past 2 years and current YTD)
Individual budgets or expectations
Any expectations the firm has for individuals.
Payroll histories and job titles for all employees
Salaries, wages with raise and bonus histories, title and job assignments (paralegal, secretary to....)(Actual Payroll Registers will be helpful as well) (Past 2 years and current YTD)
Operating agreement
With latest amendments
K1's and W2's
- Any firm paid benefits